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20121205
20121213
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KBCW (CW) 2
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CW
Dec 12, 2012 10:00pm PST
crucial in the ongoing fiscal cliff talk because president obama won't consider gop cuts to entitlement programs like medicare and medicaid until republicans agree to raise income taxes on people making $250,000 or more a year. one thing both sides agree on, there's a long way to go for a deal can be reached. >> there were some offers exchanged yesterday. and the president and i have pretty frank conversations about how far apart we are. >> there is no indication the republican leadership is willing to acknowledge the basic fact that rates need to rise on the top 2%. >> lawmakers in washington have less than three weeks to reach a budget deal on the so-called fiscal cliff. if they don't, there are fears automatic tax increases and spending cuts could push the economy back into a recession. >>> bonds will continue to be purchased at a cost of $85 billion a month from the federal reserve. it's a move to keep interests low and unemployment rates even lower until the outlook at the labor market improves sub staeshl -- substantially. >>> john mcafee in florida this evening. he ar
CW
Dec 9, 2012 8:30am PST
obama signaled he is open to making cuts on programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i am willing to find way to bring down the cost of health care without hurting seniors and other american who is depend on it. i am willing to make more entitlement spending cuts on top of the $1 trillion in spending cuts i signed into law last year. >> his talks came after speaker of the house john boehner reported the talks are stalled. >> there is no progress to report. >> his democratic counterpart, pelosi, blames bangle they returned an -- blames boehner. >> they returned an empty letter lacking in specifics. >> federal income tax rates will go back up to the higher clinton era levels and long term unemployment benefits will dry up for over 2 million americans who have been out of work for six months or more. on friday bade boehner did not rule out a compromise on tax hikes for top earner, somewhere between 25% and the clinton era 36%. even if the two sides are making progress behind the scene, no one expects them to admit it until the la
Search Results 0 to 1 of about 2